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Market News » Land


Boroondara Weekly

Boroondara Weekly
With Christmas in everyone’s sights, the next four to five weeks is likely to be interesting. Will the year finish off as strongly as it did last year? Only time will tell. In terms of new properties coming on to the internet, we really only have two weeks left. Although I suspect that we’ll still be [...]
Back in the saddle, but a bit of a shocker at the Top End!

Back in the saddle, but a bit of a shocker at the Top End!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 61% on the 38 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was down to 1.3. An unusual day today, with everything down compared with recent weeks. $3M+ PLUS It was a bit of a shocker weekend for the [...]
$3m+ market is tracking along well

$3m+ market is tracking along well

Week Ending Saturday, October 26 – Super Saturday! It was a huge day across Melbourne and it really felt solid out there. It was solid in terms of everything. Have a look at the dials on our front page. They’re all in the red zone. Bidderman was an amazing 2.3 on the biggest $M+ auction day [...]
You can still buy very well in rising markets if you have the right fundamentals – the right land content, the right location and the right floor plan. These are things you can control – unlike the ups and downs of the market. And these are what determine the wisdom of your decisions.

You can still buy very well in rising markets if you have the right fundamentals – the right land content, the right location and the right floor plan. These are things you can control – unlike the ups and downs of the market. And these are what determine the wisdom of your decisions.

This is a real market – and the bidder rates and stock numbers are telling us that it is going very well.

This is a real market – and the bidder rates and stock numbers are telling us that it is going very well.

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 81% on the 36 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.3. Ducks (no bidder auctions) –18% Lone Rangers (1 bidder auctions) – 13% Norms (2-3 bidder auctions) – 45% Volcanoes (4+ bidder auctions) – 24% Another win to the Norms! Market This [...]
Hasta La Vista Winter!

Hasta La Vista Winter!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 69% on the 39 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2. Ducks (no bidder auctions) –23% Lone Rangers (1 bidder auctions) – 17% Norms (2-3 bidder auctions) – 46% Volcanoes (4+ bidder auctions) – 14% Another win [...]
Bayside Weekly

Bayside Weekly

The $3 million plus market has been alive and kicking this year. Seven properties have been sold in the last eight weeks at this level – almost one per week. 9 Dawson Avenue, Brighton, circa $4 million – Peter Kennett, Hocking Stuart 9 Linday Street, Brighton, high $2 millions – Kate & Rob Strickland, Marshall White 13 Bay [...]
Port Phillip Weekly

Port Phillip Weekly

Lucky 13 With thirteen properties over the one million dollar mark scheduled for auction in Port Phillip this weekend, there are signs that stock levels seem to be surviving without the need for resuscitation just yet. Mind you, quality will be in the eye of the beholder with some of these offerings. The stand out was [...]
Boroondara Weekly

Boroondara Weekly

The market continues to perform well and on my regular chats with agents the feedback is very positive. Interestingly, the clearance rates at the bigger firms for auctions are more often than not exceeding the average clearance rate. This week we continue the focus on the $3 million plus Boroondara market. Among the recent activity at this [...]
Northern Weekly

Northern Weekly

East Melbourne Terraces A couple of weeks ago we witnessed 160 Powlett Street, East Melbourne going under the hammer for around $1,500,000. There were nine bidders in total and it leaves you wondering where the other eight bidders are looking now. Apartments can be found for this sort of price in East Melbourne, but houses pop up [...]
The Market right now feels like it’s building. It feels like there are very solid conditions out there for another real lift in proceedings. While there is bad news in sport, in politics and in industry – in the Inner Melbourne $M+ Market there seems to be very little bad news this year, especially when it comes to property with good land content.

The Market right now feels like it’s building. It feels like there are very solid conditions out there for another real lift in proceedings. While there is bad news in sport, in politics and in industry – in the Inner Melbourne $M+ Market there seems to be very little bad news this year, especially when it comes to property with good land content.

This Market Is Building!

This Market Is Building!

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 35 auctions we covered. The market had a solid number of offerings, so this represented a good cross-section of what quality homes are doing right now.  The Weekly Review Bidderman, our bidders per auction measurement, was 2.2, up from last [...]
Northern Weekly

Northern Weekly

Based on the volume of new properties to hit the market this weekend right across the north-east and inner-north markets, the first Super Saturday of the early spring market in this area may be August 24. Inner North-East Statistically, the first half of 2013 has seen marginally more million dollar plus sales in Ivanhoe, Ivanhoe East and [...]
Steady as she goes on low auction stock levels

Steady as she goes on low auction stock levels

At 6.00 pm on Saturday the James Clearance Rate for Melbourne’s $M+ property was 74% on the 34 auctions we covered. The Weekly Review Bidderman, our bidders per auction measurement, was 2.2 Ducks (no bidder auctions) – 25% Lone Rangers (1 bidder auctions) – 9% Norms (2-3 bidder auctions) – 47% Volcanoes (4+ bidder auctions) – 19% A win to [...]
Northern Weekly

Northern Weekly

Last weekend I attended the auction of 286 Rathdowne Street in Carlton North, which sold for $1,170,000. I actually liked this home, and given the limited land size, I thought it was very cleverly designed and offered some great lifestyle features. Rathdowne St is one of the great boulevards in Melbourne and some seriously good [...]

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